For Inflating Earnings at Pareteum Bozzo Got Year Now Asks Early End of Supervision

For Inflating Earnings at Pareteum Bozzo Got Year Now Asks Early End of Supervision by Matthew Russell Lee, Patreon Book Substack SDNY COURTHOUSE, Aug 21 – Victor Bozzo was indicted in 2023 for inflating profit reports at Pareteum, a publicly traded telecom company, in 2018 and 2019. He pled guilty and remained free on $250,000 bond, working a job that paid him one-third of what he used to earn.   On August 26, 2024 he was up for sentencing before U.S. District Court for the Southern District of New York Judge Amit Subramanian. Inner City Press was there - thread: AUSA: We recommend 2 to 3 years in prison. Judge: Is a range appropriate under 3553(a)? And what about the 12 month sentence on [Pete] Petit? [Note: Pete Petit still has a stadium named after him]  Defense lawyer: The penalties on him include the six figures my law firm has charged, and stress. Four banks have closed this account, as have 5 credit card issuers. Prison is not needed.   Defendant: Thanks Your Honor for allowing me to continue to work. I am sorry [voice cracks] I want to work on telecom to the disadvantaged. Judge: 5 minute recess. Then: Judge: There was a market cap loss of $50 million. I sentence you to a year and a day of incarceration.    Bozzo's defense counsel, who said she had a similar recent sentencing before SDNY Judge Jed S. Rakoff, asked for designation to Fort Dix, and RDAP. Judge Subramian said he would agree to both and included them in the judgment, though the RDAP determination, he added, would be up to BOP. And Fort Dix? Jump cut two years to August 21, 2026 when Judge Subramanian, noting that the US Attorney's Office has not responded to Bozzo's motion for early termination of supervised release, docketed that if there is not response by August 24 he will understand that the Government has no objection. The case is US v. Bozzo, 23-cr-499 (Subramanian) *** Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron. Feedback: Editorial [at] innercitypress.com SDNY Press Room 500 Pearl Street, NY NY 10007 USA Mail: Box 130222, Chinatown Station, NY NY 10013 Reporter's mobile (and weekends): 718-716-3540 Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.  Copyright 2006-2024 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] innercitypress.com